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Saudi Aramco in talks to shelve IPO - FT
October 13, 2017 / 5:24 PM / 2 months ago

Saudi Aramco in talks to shelve IPO - FT

Oct 13 (Reuters) - Saudi Aramco is considering shelving plans for an international public offering in favor of a private share sale to world sovereign funds and institutional investors, the Financial Times reported, citing people familiar with the matter.

Talks for a private sale to foreign governments, including China, and other investors have gathered pace in recent weeks, according to the report. (on.ft.com/2gBheCT)

Saudi Aramco was not immediately available for comment. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Shounak Dasgupta)

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